Strategy Pauses Bitcoin Buying, Spends $205M Buying Back STRC

What happened: Strategy bought no Bitcoin last week, its first pause since mid-September, and sold no shares through its at-the-market offering. It spent $204.9 million of USD Cash to buy back 2,068,459 STRC preferred shares. Key numbers: Buyback $204.9M, up from $193.1M the week before. Why it matters: The pause comes as Strategy faces possible removal from MSCI indexes under a rule finalized October 15 covering companies whose balance sheets are dominated by a single asset. MSCI publishes the affected list on November 11, and removal would force index-tracking funds to sell. Coverage: 3 outlets in 24h

Strategy bought no Bitcoin last week, its first pause since mid-September, and sold no shares through its at-the-market offering. It spent $204.9 million of USD Cash to buy back 2,068,459 STRC preferred shares.

The pause comes as Strategy faces possible removal from MSCI indexes under a rule finalized October 15 covering companies whose balance sheets are dominated by a single asset. MSCI publishes the affected list on November 11, and removal would force index-tracking funds to sell.